63 Million Dollars Liquidated
After the US Federal Reserve left the interest rate unchanged at its last meeting, the Bitcoin price rose above $43,000 on the day. However, according to Coinglass statistics, the recent surge in volatility resulted in the liquidation of almost $63 million worth of leveraged assets. The bulk of the liquidations, a total loss of $38.4 million, were open positions. In addition, long positions worth $24.7 million were closed after Bitcoin momentarily fell below $43,000. Block’s Data Dashboard estimates that volatility is at a multi-week high and the current annualized Bitcoin volatility stands at 51.97%, knocking out many leveraged positions.
Cardano Price at 17-Month High
Cardano’s whale transactions increased significantly, exceeding $1.5 billion. With each transaction costing at least $100,000, this major investment trend brought the total amount of transactions to a staggering $19.47 billion. The increase in these large transactions is an indication of growing interest in cryptocurrencies among investors. Additionally, ADA bulls managed to push the price from an intraday low of $0.568764 to a 17-month high of $0.677214 before seeing a minor dip.
Ledger Hacked
Ledger posted the autopsy on X five hours after the breach. A phishing attempt against a former Ledger employee was confirmed to have enabled a hacker to plant malicious malware on Ledger’s Connect Kit. According to the statement, the hacker’s wallet was locked by stablecoin issuer Tether and the code has now been deleted.
Ethereum OGs Invest $100 Million in Artificial Intelligence and Robotics
Konstantin Lomashuk and Vasiliy Shapovalov, two of Ethereum’s first investors, are rekindling their interest in emerging technologies by “relaunching” an investment business called cyber.Fund that will use $100 million of the founders’ money. In a post published on X on Thursday, Cyber.Fund stated that this new $100 million fund will serve existing portfolio companies as well as serve new projects and teams. Their mission is to accelerate the transition to an open cybernetic economy by supporting entrepreneurs innovating in blockchain, artificial intelligence, robotics and similar technologies.
SEC Chairman Gensler Signals Reconsideration of Spot Bitcoin ETFs
In a recent interview with CNBC, US Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted at a potential change in the agency’s stance on Spot Bitcoin ETFs. The catalyst for this reassessment is thought to be recent court decisions in the District of Columbia, which prompted the SEC to take a ‘fresh look’ at these proposals. The SEC’s move to more openly consider spot Bitcoin ETFs could have significant implications for the crypto market.
Galaxy Digital Plans to Launch Euro Stablecoin with DWS and Flow Traders
DWS Group, a leader in global asset management, Dutch market maker Flow Traders, and Galaxy Digital, a US crypto financial services firm, announced a merger to launch a Euro-denominated stablecoin. They aim to offer a fully collateralized stablecoin within the next eighteen months.
Sales of Saga, Solana’s Smartphone, Soar
Saga, the Solana blockchain-powered smartphone, saw a surge in sales with an airdrop of more than 30 million BONK tokens. The higher the airdrop value, the lower the cost of the phone. The company explained this reduction in the cost of the phone as a strategy to broaden the adoption of web3 on mobile devices and improve the experience in the Solana mobile community.
Valkyrie Amends Bitcoin ETF Application
Valkyrie Investments filed an amended S-1 filing with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules on custody, valuation, seed investments and risks. If approved, the Bitcoin fund will enable individual investors to directly invest in cryptocurrencies through shares traded on Nasdaq under the ticker “BRRR”.
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BITCOIN(BTC)
Bitcoin is priced at $ 42,616 with a 0.95% loss in value as of today morning hours. Yesterday, $ 43,500 was tested again, but the upward break was not successful. After a decline to $ 41,500, it continues to price above $ 42,500, taking an upward reaction from those levels. In the downward break of $ 42,000, this time there may be a retreat to $ 40,000. If 43,500 is broken upwards, rises up to 46,200 dollars can be seen.
ETHEREUM(ETH)
ETH, which lost 2.09% as of morning hours, is priced at $ 2264. We see $2230 working as a strong support. If it stays above this point, an increase of up to 2400 dollars can be seen. If the downward break of $ 2230 occurs, $ 2100 appears as the first support position.
RIPPLE(XRP)
XRP is priced at $0.6338 with a 0.28% gain as of morning hours. After falling to $0.6060, it had a serious reaction and rose 5% to $0.64. Staying above $0.64 is important, and in the continuation of the upward movement, rises up to $0.66 can be seen. Below $0.63, this time $0.60 may work as support again.
AVALANCHE(AVAX)
AVAX is priced at $ 39.66 with a 1% gain in value as of morning hours. After falling to $ 34, there was an increase up to $ 41.50 with purchases. The $35 zone is a strong support and may pave the way for AVAX to reach $50 on the upside. Below $35, the first support seems to be $31.44.
SOLANA(SOL)
SOL is priced at $75.61 with a gain of 0.04% as of morning hours. When we examined the hourly chart, we saw an upward movement with the upward break of the $ 72 resistance level we followed. If this upward movement continues, the $ 76 region appears as an important resistance. If the $ 76 level is also exceeded, $ 78 can be followed. In case of a pullback, 73.50 and 72 dollar levels can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.936 with a 2.75% loss in value. When we examine the four-hour chart, we see a pricing below the $ 15 resistance zone. LINK, which could not achieve permanence above the 15,200 region with yesterday’s rise, fell below the $ 15 level with some retreat. If the decline continues, the 14.500 level can be followed as support. With an upward break of the resistance zone of 15,200, we may see a movement towards the $ 16 region.
STORJ
STORJ is priced at $0.943 with an 8% gain as of morning hours. When we examine the daily chart, it is seen that the consolidation zone is broken upwards and continues its movement. If this movement provides permanence, a movement towards the $ 1 region can be seen. In case of a pullback, the 0.90 level can be followed as support.
WLD
WLD is priced at $ 2,654 with a gain of 1.69% as of morning hours. When we examine the daily chart, we see that there is a consolidation zone. The upper and lower bands of this zone are 2.75 and 2.315 respectively. With an upward break of this zone, a movement towards the 3 dollar zone can be seen. In case of a pullback, if the 2.315 level is broken downwards, there may be a decline towards the 2 dollar zone.
